He Sold His AI Company To AMD For $665 Million. Now He Wants To Supercharge AI Research In Europe

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Iain Martin is a senior editor who covers tech, startups and venture capital out of London, England. Iain edits the Midas List Europe, Midas Seed and Forbes 30 Under 30 Europe Technology.

Silo AI cofounder Peter Sarlin sold his Finnish startup to AMD in July. Now he’s donated $10 million to back a new generation of AI researchers in Europe.Silo AI's Peter Sarlin founded the Finnish AI research lab in 2017 and launched its first large language model, Poro, last year.Europe’s bid to compete with the United States and China to stay at the cutting edge of artificial research have got a boost from AI founder Peter Sarlin, and the Finnish government.

Europe’s AI researchers have in recent years notched up some notable achievements. Deepmind’s Demis Hassabis and John Jumper won this year’s Nobel prize for chemistry for their protein folding research, French startup Mistral’s large language models can go head-to-head with American rivals, and the Latent Diffusion text-to-image generator that helped kick off public interest in generative AI emerged from two German research universities.

 

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